FRC: We will take an axe to City stewardship code, says boss June 1, 2025 The Financial Reporting Council (FRC) plans to take the axe to a key City code that governs how shareholders should hold companies to account. The UK Stewardship Code was created following the 2008 financial crisis to address fears that shareholders had failed to adequately police risk-taking. Signatories are required to publicly report on their stewardship [...]
EY labels former head of EY Abu Dhabi a ‘fraudster’ in £2.7bn legal battle May 21, 2025 EY UK's barrister described the former head of EY Abu Dhabi as "plainly a fraudster" in the openings at the £2.7bn legal battle
EY audit of NMC ‘was deficient in multiple respects’ says regulator May 19, 2025 The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"
EY’s £2.7bn legal fight over NMC Health audits May 19, 2025 A mammoth legal fight against EY over its auditing of a former London-listed health giant that collapsed after allegations of fraud starts today
Watchdog launches probe into EY over Post Office audits following Horizon scandal April 16, 2025 The accountancy regulator has launched an investigation into Big Four giant EY's auditing of the Post Office accounts, focusing on the Horizon IT system.
Big Four vs Watchdog: Giants rack up over £154m in fines April 16, 2025 The accountancy regulator has handed over £154m in fines to the Big Four firms over the last five years for audit failures
EY slapped with fine over audit of Scottish water company April 14, 2025 Big Four giant EY has been sanctioned £ 500,000 over its audit of a Scottish water company, less than a week after its other sanction
EY slapped with £6.5m fine over Thomas Cook audits April 10, 2025 The watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook.
PwC fined £4.5m over audits of Gupta-linked bank Wyelands March 25, 2025 Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.
Big Four: The slow death of KPMG, EY, PwC and Deloitte’s legal dream March 25, 2025 Big Four —EY PwC, Deloitte, and KPMG—all have legal arms to compete against the traditional legal sector, but recent cracks show that their vision is not playing out